Events Industry Council
- Assets
- $995.8k
- Revenue
- $1.4m
- Investments
- $0.0
- Employees
- 1
- Location
- Washington, DC
- Founding
- 07/1982
- Data as of
- 12/2021
- EIN
- 52-1579652
Organization Overview
Events Industry Council is located in Washington, DC. The organization was established in 1982. According to its NTEE Classification (S30) the organization is classified as: Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Events Industry Council is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2021, Events Industry Council generated $1.4m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (6.6%) each year. All expenses for the organization totaled $1.9m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (1.8%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO STRENGTHEN THE VALUE AND SUSTAINABILITY OF OUR MEMBERS, SUPPORT THE PREMIER CREDENTIAL FOR THE MEETING PROFESSIONAL, AND PROVIDE A VIBRANT, COLLABORATIVE PLATFORM TO ADDRESS CRITICAL ISSUES TO ENSURE A THRIVING EVENTS INDUSTRY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CERTIFIED MEETING PROFESSIONAL ("CMP")- THE CMP PROGRAM IS DESIGNATED FOR INDIVIDUALS IN THE MEETING MANAGEMENT INDUSTRY TO ACHIEVE THE CMP CERTIFICATION. THE REQUIREMENTS FOR CMP CERTIFICATION ARE BASED ON PROFESSIONAL EXPERIENCE AND AN ACADEMIC EXAMINATION.
EDUCATION AND RESEARCH - LEADING MEETINGS INDUSTRY MEMBERSHIP ASSOCIATIONS HAVE COME TOGETHER TO FUND AND PUBLICIZE A STUDY TO QUANTIFY THE MEETINGS INDUSTRY'S SIGNIFICANCE TO THE U.S. ECONOMY. THIS RESEARCH IS PART OF EIC'S MISSION TO PROVE THE PROFOUND VALUE OF THE COLLECTIVE INDUSTRY TO REGULATORS AND LEGISLATORS WHO ARE MAKING DECISIONS AND TAKING ACTIONS THAT NEGATIVELY IMPACT THE NATION WITHOUT A FULL UNDERSTANDING OF WHAT IS AT STAKE. THE ECONOMIC STUDY IS NOT AN ANNUAL PROJECT. IN ADDITION, THE EIC'S SUSTAINABILITY INITIATIVE SEEKS TO INSPIRE, EDUCATE AND SUPPORT LEADERS OF ALL LEVELS AND DISCIPLINES WHO WILL MANIFEST THE TRANSFORMATION OF THE GLOBAL MEETINGS INDUSTRY TOWARDS SUSTAINABILITY.
EIC ADVANCE - EIC ADVANCE HIGHLIGHTS THE INDUSTRY'S ADVOCACY EFFORTS AND ADAPTATION AND INNOVATIONS NECESSARY AS IT EVOLVES, AND REINFORCES THE COMMITMENT TO SUSTAINABILITY AND AN EQUITABLE FUTURE. THE PROGRAMME SPOTLIGHTS OPPORTUNITIES FOR ACTION, UPSKILLING AND RESKILLING, AND WELLNESS. INDUSTRY VISIONARIES, GLOBAL ADVOCATES AND THOUGHT LEADERS TAKE THE EIC ADVANCE SPOTLIGHT TO INSPIRE ATTENDEES AS THEY SHAPE THE FUTURE.
PUBLICATIONS - EIC PRODUCES VARIOUS PUBLICATIONS FOR THE EVENTS INDUSTRY AT-LARGE. INCLUDED IN THESE PUBLICATIONS IS THE EVENTS INDUSTRY COUNCIL MANUAL (THE "MANUAL"). THE MANUAL IS A VALUABLE TOOL FOR INDUSTRY PROFESSIONALS AND IS WIDELY RECOGNIZED AS THE MOST COMPREHENSIVE RESOURCE AVAILABLE FOR MANAGING THE BASIC COMPONENTS OF A SUCCESSFUL MEETING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Amy Calvert CEO | Officer | 39 | $248,006 |
Paul Van Deventer Immediate Past Chair | OfficerTrustee | 1 | $0 |
Mark Cooper Chair | OfficerTrustee | 1 | $0 |
Cathy Breden Chair-Elect | OfficerTrustee | 1 | $0 |
Senthil Gopinath Director | Trustee | 1 | $0 |
David Audrain Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Prometric Cmp Fees | 12/30/21 | $207,799 |
Bostrom Management And Salaries | 12/30/21 | $876,982 |
Meeting Change Sustainability Services | 12/30/21 | $128,135 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $1,244,652 |
| Investment income | $7,856 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $10,059 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $4,352 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $58,677 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,386,941 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $260,731 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $12,035 |
| Fees for services: Management | $984,586 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $4,403 |
| Fees for services: Other | $266,104 |
| Advertising and promotion | $89,608 |
| Office expenses | $100,861 |
| Information technology | $14,970 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $15,193 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $39,810 |
| Interest | $8,334 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $18,675 |
| Insurance | $24,267 |
| All other expenses | $0 |
| Total functional expenses | $1,904,283 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $75,841 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $48,476 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $1,590 |
| Net Land, buildings, and equipment | $2,979 |
| Investments—publicly traded securities | $866,949 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $995,835 |
| Accounts payable and accrued expenses | $333,106 |
| Grants payable | $0 |
| Deferred revenue | $11,685 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $227,975 |
| Unsecured mortgages and notes payable | $499,900 |
| Other liabilities | $53,412 |
| Total liabilities | $1,126,078 |
| Net assets without donor restrictions | -$130,243 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $995,835 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Events Industry Council has recieved totaling $82,500.
| Awarding Organization | Amount |
|---|---|
Collinson Fam Foundation Peachtree Corners, GA PURPOSE: UNRESTRICTED | $30,000 |
Us Travel Association Washington, DC PURPOSE: PROGRAM SUPPORT | $30,000 |
Meeting Professionals International Foundation Dallas, TX PURPOSE: SUPPORT GLOBAL ECONOMIC SIGNIFICANCE STUDY OF LIVE BUSINESS EVENTS AND SUPPORT EQUITY ACCELERATION PLAN | $22,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
East Baltimore Development Inc Baltimore, MD | $12,751,192 | $30,262,944 |
Alexandria Economic Development Partnership Inc Alexandria, VA | $1,919,174 | $9,268,061 |
Montgomery County Economic Development Corporation Rockville, MD | $2,827,028 | $7,933,113 |
National Skills Coalition Washington, DC | $13,426,049 | $8,828,304 |
Richmond Metropolitan Convention & Vistors Bureau Richmond, VA | $6,099,091 | $8,138,093 |
Salisbury Wicomico Economic Development Inc Salisbury, MD | $1,249,911 | $5,424,669 |
Tri-County Council For Southern Maryland Hughesville, MD | $3,701,278 | $4,380,488 |
Alexandria Convention And Visitors Association Inc Alexandria, VA | $744,565 | $3,884,098 |
Hampton Roads Economic Development Alliance Norfolk, VA | $4,122,075 | $4,031,039 |
Roanoke Valley Convention And Vis- Itors Bureau Roanoke, VA | $3,438,389 | $4,197,074 |
Center For Regional Economic Competitiveness Arlington, VA | $2,322,711 | $4,691,900 |
Washington Dc Economic Partnership Washington, DC | $2,408,319 | $3,068,636 |